Beacon Roofing Supply (NASDAQ:BECN) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, January 31st. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
Beacon Roofing Supply (NASDAQ:BECN) last announced its quarterly earnings results on Monday, November 20th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Beacon Roofing Supply had a net margin of 2.30% and a return on equity of 9.09%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. On average, analysts expect Beacon Roofing Supply to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Beacon Roofing Supply (NASDAQ:BECN) opened at $62.79 on Monday. The company has a quick ratio of 1.35, a current ratio of 2.06 and a debt-to-equity ratio of 0.42. The stock has a market cap of $4,250.00, a PE ratio of 38.29, a PEG ratio of 1.30 and a beta of 1.49. Beacon Roofing Supply has a twelve month low of $39.57 and a twelve month high of $66.47.
In related news, CEO Paul Isabella sold 40,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $60.57, for a total value of $2,422,800.00. Following the sale, the chief executive officer now directly owns 172,046 shares of the company’s stock, valued at approximately $10,420,826.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ross D. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $59.75, for a total transaction of $119,500.00. Following the completion of the sale, the executive vice president now directly owns 7,056 shares in the company, valued at $421,596. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by corporate insiders.
BECN has been the subject of a number of research analyst reports. Wedbush reiterated a “neutral” rating and issued a $46.00 price target (down previously from $52.00) on shares of Beacon Roofing Supply in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, January 23rd. Robert W. Baird reiterated a “buy” rating and issued a $55.00 price target on shares of Beacon Roofing Supply in a report on Thursday, October 12th. KeyCorp reiterated a “buy” rating and issued a $56.00 price target on shares of Beacon Roofing Supply in a report on Sunday, October 15th. Finally, BidaskClub upgraded shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating in a report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Beacon Roofing Supply has an average rating of “Buy” and an average price target of $58.82.
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Beacon Roofing Supply Company Profile
Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.
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